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GOLD In A New Upward Move Targeting $4000 - $4100
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GOLD In A New Upward Move Targeting $4000 - $4100
From our previous analysis, GOLD respected the bullish scenario. This came with a confirmation during the night trading session as I explained in the previous post.
With this move above 3895, the price confirmed a bullish triangle pattern that shows signs of a strong bullish momentum.
From our chart we can observe that it is the same similar move as it was before. The bullish flags show a healthy uptrend and we all know that gold is in a crazy bullish move supported by the geopolitical situation or other factors. Everyone talks about its strength, but I am not sure if we know the Truth.
Truth is not a Luxury for ordinary people
The price has broken above the $3,895 - $3,900 resistance area as I explained for the bullish scenario in the previous analysis and may retest it before continuing higher.
Targets:
$3,950
$4,000
$4,050
$4,100You may find more details in the chart!
Thank you and Good Luck! -
GOLD In A New Upward Move Targeting $4000 - $4100
From our previous analysis, GOLD respected the bullish scenario. This came with a confirmation during the night trading session as I explained in the previous post.
With this move above 3895, the price confirmed a bullish triangle pattern that shows signs of a strong bullish momentum.
From our chart we can observe that it is the same similar move as it was before. The bullish flags show a healthy uptrend and we all know that gold is in a crazy bullish move supported by the geopolitical situation or other factors. Everyone talks about its strength, but I am not sure if we know the Truth.
Truth is not a Luxury for ordinary people
The price has broken above the $3,895 - $3,900 resistance area as I explained for the bullish scenario in the previous analysis and may retest it before continuing higher.
Targets:
$3,950
$4,000
$4,050
$4,100You may find more details in the chart!
Thank you and Good Luck!
GOLD: The Bullish Momentum Remains Intact
GOLD is rising in very small steps today, but from our morning analysis the price rose from 3925 to 3970.20.Given that there is nothing to lower it and the Geopolitical situation continues to be a mess, all chances are that gold will continue to rise further to 4000.
This strong resistance zone also acts as a magnet and is a psychological price for buyers to push gold to 4000. This also corresponds to a new historical moment before it takes a new direction or before moving further.
